Inflation eased in China in September with CPI rising
1.6% from a year earlier. The increase, well below the
2% pace of August,
was below expectations for a rise of 1.8%. The weak
inflationary print is reflective of a slowdown in China’s economy
and opens the prospect for additional monetary policy easing from
the PBOC in the months ahead.

Billionaire Jack Ma, the boss of Chinese e-commerce giant
Alibaba, has told investors not to worry about China's cooling
economy.
In a letter to investors on Tuesday Ma writes: "Recently,
signals of China’s economic slowdown have triggered widespread
concern and, I believe, overreaction around the world."

Asian markets are down after a
tough session in the US. Japan's Nikkei is down
2.13% at time of writing (6.34 a.m. BST/1.34 a.m. ET), Hong
Kong's Hang Seng is off 0.54%, and the Shanghai Composite is
0.33% lower.

Employment data is coming. The Bank of England
will release data on average earnings growth at 9.30 a.m. BST
(4.30 a.m. ET), which is expected to accelerate to 3.1% from 2.9%
last time out. Unemployment figures are also due at the same
time, expected to hold steady at 5.5%.

Later in the day the US Federal Reserve will give another
indication of when when exactly an interest rate rise is
likely. The latest Beige Book, a collection of anecdotal
evidence about the state of the US economy, will be released at
7.30 p.m. BST (2.30 p.m. ET).

Markit, a UK financial-information company, is partnering
with technology company Dell and banks Barclays, HSBC, and Morgan
Stanley to launch a new servicecalled Know
Your Third Party, or KY3P. The aim is to create a
central repository for information required for client or vendor
due diligence, cut down on the amount of time it takes to
cement a new commercial relationship, and reduce unnecessary,
replicative requests for information.

Apple could be facing up to $862 million (£564.2 million)
in damages after a US jury on Tuesday found that the iPhone maker
used technology owned by the University of Wisconsin-Madison's
licensing arm without permission. The jury in Madison,
Wisconsin,
ruled that Apple had violated the patent in chips found
in many of its most popular devices. The patent improves
processor efficiency.